2022 half year results
Charlie Nunn, Group Chief Executive, reflects on the first six months of the year and how we’re shaping up for the rest of 2022 and beyond.
Cost of living
Whilst the impact of the coronavirus pandemic has continued to recede, the persistency and impact of higher inflation remains a source of uncertainty for the UK economy as many people, households and businesses contend with cost of living pressures.
We stand ready to support our 26 million customers through this challenging environment. To date, the vast majority of our customers are demonstrating resilience, with many adapting their spending behaviours and over half increasing their savings.
Enabled by our deep customer insight, we are proactively helping any impacted customers through financial health checks and support to manage debt and spending.
Like our customers, we know our colleagues are also facing an increase in their cost of living. That’s why we announced a one-off additional payment to support our colleagues and we will continue to listen and consider what else we can do in response to the rising cost of living.
Helping Britain prosper: our purpose in action
We continue to be driven by our purpose of helping Britain prosper.
Our colleagues have delivered superbly against the backdrop of continued uncertainty – from supporting people with the cost of living crisis to the fantastic work being done to help those fleeing areas of conflict, like Ukraine and Afghanistan.
These are all great examples of our purpose in action and reasons to be proud. Thank you to all of my colleagues for their continued contribution to helping Britain prosper.
I hope you take some time to read through our results in more detail and I look forward to updating you on our progress during the remainder of the year.
First time buyers deserve an attainable dream
Mortgage Director, Andrew Asaam, reflects on why the industry must find new ways to help people take their first steps on the property ladder, plus what the Group is doing to help.
The next chapter for Lloyds Banking Group
Group Chief Executive Charlie Nunn outlines our plans to unlock growth and transform the Group, while reinvigorating our purpose of helping Britain prosper.